Chinese president calls for efforts to promote growth, balanced development (09/25/09)

PITTSBURGH, United States, Sept. 25 (Xinhua) -- Chinese President Hu Jintao called on world leaders on Friday to make every effort to promote global economic growth and a comprehensive, balanced and sustainable socioeconomic development.

In a speech at the Third Group of 20 (G20) Financial Summit in Pittsburgh, Hu said the world economy has seen positive signs following the two G20 summits in Washington and London, held in November last year and this April respectively.

"The international community's confidence has strengthened, financial markets have moved towards stability and the world economy has seen positive signs," the president said.

Hu warned that the foundation of an economic recovery is not yet solid, and that many uncertainties remain.

A primary task at present, he said, is to counter the international financial crisis and promote a healthy world economic recovery.

The president called on the international community to stand firm in its commitments to stimulating economic growth, advancing the reform of the international financial system, and promoting balanced growth of the global economy while addressing the global development imbalances.

China attaches great importance to comprehensive, balanced and sustainable socioeconomic growth, and has mainly relied on expanding domestic demand, in mitigating the impact of the international financial crisis, he said.

Hu said that China has taken an active role in international development cooperation, and has been actively engaged in international cooperation to tackle the crisis since it broke out.

He said China will follow through its assistance pledges and measures in a responsible manner, and offer more help to developing countries, particularly the least developed countries in Africa, within its capabilities.

"I am confident that with the concerted efforts of the entire international community, we will prevail over this international financial crisis and usher in a more prosperous future for the world economy," he said.